Creditors owed $600k as firm goes bust

 

Dozens of creditors have been caught up in the collapse of a Brisbane Bayside blind and shutter firm with liquidators now investigating how and why the company went bust.

Travis Pullen, of B&T Advisory, was appointed liquidator of Capalaba-based Rainbow Blinds and Shutters this week with estimates it owes creditors more than $600,000.


Pullen says the company had operated from a residential address at Capalaba, selling various types of blinds and shutters to residential and commercial customers in southeast Queensland.

Pullen says he is yet to determine whether any outstanding employee entitlements were owed by the company.

He says company director Anthony Driene has informed him the company has less than $200 in the bank.

Rainbow Blinds also had an overdraft facility with the National Australia Bank.

Mr Driene was not available to comment.

Originally published as Creditors owed $600k as firm goes bust



Drug trafficker mum gets Christmas present

Premium Content Drug trafficker mum gets Christmas present

Her time in prison was the longest she had been illicit drug-free since she was...

DV offender rushes partner’s son armed with a pole

Premium Content DV offender rushes partner’s son armed with a pole

He told police he was sick of his partner’s son being lazy.

LETTERS: The problem with Federal Labour’s image

Premium Content LETTERS: The problem with Federal Labour’s image

Harry Bruce’s cartoon of the day and readers have their say on current events.